v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Revenues [1] $ 386,412 $ 280,574
Operating expenses:    
Direct operating expenses [1] 169,647 158,323
Selling, general and administrative expenses [1] 121,703 114,269
Depreciation and amortization 84,367 84,229
Impairment and other losses, net 79 521
Restructuring charges 3,414 1,841
Operating income (loss) 7,202 (78,609)
Other income (expense):    
Loss on extinguishment of debt (2,071) 0
Interest income 3,951 3,878
Interest expense (8,039) (26,206)
Other expense, net (1,424) (1,340)
Loss from continuing operations before income taxes (381) (102,277)
Income tax benefit 4,841 20,323
Net income (loss) 4,460 (81,954)
Less: Net income attributable to participating securities 6,053 0
Net loss attributable to Sphere Entertainment Co.’s stockholders (1,593) (81,954)
Net loss attributable to Sphere Entertainment Co.’s stockholders $ (1,593) $ (81,954)
Basic loss per common share attributable to Sphere Entertainment Co.’s stockholders (in dollars per share) $ (0.04) $ (2.27)
Diluted loss per common share attributable to Sphere Entertainment Co.’s stockholders (in dollars per share) $ (0.04) $ (2.27)
Weighted-average number of common shares outstanding:    
Basic (in shares) 35,878 36,110
Diluted (in shares) 35,878 36,110
[1] See Note 14. Related Party Transactions, for further information on related party revenues and expenses.